Built-Out Flex Space
New
For Sale
$340,000
4 Crane Circle UNIT 1, Cataumet, MA 02534
Office-configured commercial unit with upper-level storage, assigned parking, and an existing long-term tenant.
Property Size1,375 SF
Price / SF$247.27
Days on Market3
Property Features for 4 Crane Circle UNIT 1
General Information
Standard status
Active
Size
1,375 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
B-2
Additional Details
Office Units
1
Building Details
Building Size
1,456 SF
Year Built
2008
Tenancy
Single
Listing Agency:
Classic Cape Real Estate, LLC
(508) 737-9974
Listed By:
Ken Hager
(508) 737-9974
Source:
Link.flexmls
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 2:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Classic Cape Real Estate, LLC
Investment Insights
Based on property information with market context.
This 1,375± square foot industrial bay condominium is professionally built out and configured for office use, with upper-level storage that supports efficient use of the space. The unit is located within Crane Circle Commercial Business Park and includes two assigned parking spaces.
The property features Route 28A signage and is zoned B-2 Business, supporting a range of commercial uses. A long-term tenant is currently in place, providing an existing occupancy profile for an investor or owner-user evaluating the property.
The property features Route 28A signage and is zoned B-2 Business, supporting a range of commercial uses. A long-term tenant is currently in place, providing an existing occupancy profile for an investor or owner-user evaluating the property.
Key Highlights
- 1,375± square foot industrial bay condominium
- Professionally built out and configured for office use
- Upper‑level storage included
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $35.04 |
| − Vacancy | −$9.6k | −$7.01 |
| EGI | $38.5k | $28.03 |
| − OpEx | −$9.6k | −$7.01 |
| NOI | $28.9k | $21.02 |
1,375 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.0K
$361.4K – $481.8K
NOI $28,908 @ 7.0% cap · market cap 8.50%
Second Best
Warehouse
$344.4K
$301.4K – $401.8K
NOI $24,109 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$560.3K
$490.3K – $653.7K
NOI $39,222 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 02534, MA
899
Population
628
Households
1.4
Avg Household Size
58
Median Age
70%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
333
Density / Sq Mi
$171,169
Median Household Income
$74,645
Median Earnings
$1,010,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office-configured commercial unit with upper-level storage, assigned parking, and an existing long-term tenant.
Where is this flex space located?
The property is located at 4 Crane Circle UNIT 1 Cataumet, MA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,375± square foot industrial bay condominium; Professionally built out and configured for office use; Upper‑level storage included
